Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1887-08-20
nosTAHA,s BONANZA nInE.

. OoHd1aoA 01 the Grontto
and Other Properties 1t Philipsburg-
Local Minang Intslligenoe.
Pn1RsBuRs. n. T.. August 14.-(Coue-
spondence OF The Miner. 1.-The mines arc
running along a. usual. Tho Granite Noun
tain ID producing its ordinary quota Of the
precious metal. There 10 but little varia-
ton in the output Of this wonderful prop
erty. It ranges in the neishborhood Of
$66, 900 per week.. The stockholders of the
company will meet at the Office, at Granite.
Wednesday, August IT. at noon, for the
purpose Of electing nine trustees, to serve
during the coming year. 1t is expected
that after the election something will be
done in regard to increasing the milling ca
pacity of the company. The Bi-Metallic
Company has about completed their new
hoist, which will be started up immedi.
ately, the machinery having been placed in
position and is now in running order. The
stockholders of the company will meet at
the Office at Granite, on Tuesday, August
16, for the purpose OF electing
THE REQUISITE NUMBER OF TRUSTEES
to serve during the ensuisg year. Some &C.
ton will probably be taken in the direction
Of procuring or building q mill, Is it is q
misunderstood fact that they have the
Granite vein and will need n Q There has
been considerable talk among some of the
principal stockholders of the company OF
purchasing the Algonquin mill. which has
been closed down for some time, but this
lie hardly probable, as the property is in
volved in litigation g., deeply that it is q
difficult matter to determine it's owner
ship. 1t is more likely that the Granite
Mountain and Bi-MetaIlic will build
Jointly q large mill on Douglas creek, about
q mile from Philipsburg, where it will be
an easy matter to run q tramwAy to the
mine. The West Granite is still actively
engaged in prospecting, the o .tlook being
better than for some time past.
THE ELIZABETH TUNNEL
on this ground is in 615 feet; the shaft on
tho Rationale is down 1856 feet; the
Butte cross-cut tunnel now has q length OF
1876 feet. This latter working is conceded
to be one OF the best methods Of de-
termining the richness and extent of the
veins on the West Granite Mountain. The
San Francisco Consolidated people have
made a very rich strike in the west cross
cut. IS feet from the shaft and about 21O
feet from the surface. The chute of ore
widened from three inches to three feet in
q distance Of twenty feet, and assays very
high in silver. The ore carries lead and
zinc, ruby and native silver. The bond OF
$50, 900 will be raised as soon as several Of
the prominent st. Louis stockholders, who
have been here for the past two or three
weeks arrive in st. Louis. They announce
that they
ARE HIGHLY PLEASED
with the mine, and are confident that IN a
short while they will have a bonanza of no
small proportions. The Altoona, situated
on the contact, in the vicinity Of the San
Francisco Consolidated, is reported to
have made a very rich strike, which in con.
with that of the Frisco, will add
considerably to the property OF the burg.
These mines are located about a mile from
this place. Prospecting is going on in the
surrounding Is, and reports of
new and promising discoveries are of no
occurrence. To attempt to enumer-
ate the various mines undergoing develop
ment in one letter would be absurd. They
are all around US, and would require more
space than you would be willing to devote
to this section Of Montana at one time.